Morning Daily - 2020-04-30

ETAuto Newsletter | Thursday, April 30, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Auto industry divided over just-in-time concept of vehicle retailing
• Living the digital dream of car selling
Top Stories
• Jaguar Land Rover recovers up to 75% production in China as demand returns Livemint
• Over 80 Motherson Sumi plants are operational globally
• Hyundai Motor Chief Designer Luc Donckerwolke steps down: Report
• Volvo Cars to cut 1,300 jobs in Sweden
• Auto supplier Bosch sees global car production down 20% in 2020
• Time for action to make India a global manufacturing hub: Experts
• Automakers are preparing a lockdown exit plan. Three hurdles they need to factor in. ET Prime
• Chinese EV maker Nio secures $1 billion investment
• Moody's lowers WTI, brent oil price assumptions through 2020-21
• Hand-to-mouth crisis for MSMEs fuels calls for more financial aid in India
• Reports of truck drivers in the country contracting Covid-19: AIMTC
• German automakers ready scrappage proposals Automotive News Europe
• Royal Enfield kicks off Red Talks to beat lockdown blues HBL
• Covid impact: BlackBuck waives commission for truck owners; offers insurance to drivers HBL
• Tesla Webcast Attracts Millions as Virus Moves Car-Buying Online BloombergQuint
• How COVID-19 Is Changing The Landscape For Employers And The Graduating Class Of 2020 Forbes
• How Leaders Can Offer Support To Their Employees During This Strange Economic Time Forbes
• Tesla cuts Model 3 price again to qualify for Chinese subsides Nikkei Asian Review
• VW pauses U.S. restart indefinitely; Toyota delays a week to May 11 Automotive News
• ABB Uses Involvement In Formula E To Drive Battery & Charging Technology Forward CleanTechnica
Industry
• Covid crisis: US GDP contracts 4.8% as virus hit, ends decade of growth
• Sensex surges for a third day, up 27.6% from March 24 low
• India Inc wants the sum of its parts to be China plus one
• Bankers want government guarantee on incremental loans to MSMEs
• New FDI policy trigger concerns over investments from Taiwan
• View: A single-window clearance for FDI
• Accept virus as the new normal and start functioning so we dont damage the economy: NR Narayana Murthy
• Fund manager eying India stimulus bets on domestic demand stocks
• Corona what? Tesla retail investors appear unfazed by virus impact
• Covid lockdown: Karnataka braces for Rs 1.2 lakh crore economic loss in April
• Consider cautious restart of MSMEs in rural areas: UP Chief Secretary to DMs
• NHAI to engage PMCs for timely execution of projects
• World has historic opportunity for green technology boost: IEA
• Rupee opens 21 paise up at 75.97 against dollar
• Fiscal stimulus package soon, says UP minister
Passenger Vehicle
• COVID-19: French auto workers return to factory floors at Toyota, Renault
• Coronavirus slashes UK car output as industry warns of big hit
• Tesla ekes out Q1 profit, Musk rails against virus measures
• VW, Daimler urge Germany to boost car demand as profits plunge
• Face masks and a factory redesign: How Bentley plans reduced return to work
• Nissan to drive in new version of Kicks in India with turbo petrol engine
• 2020 Nissan Kicks SUV to launch soon in India
• Shift to electric cars non-negotiable despite virus: Daimler
• Covid crisis: Buffett-backed BYD's profit sinks 85% in Q1
• Daimler sees profits at Mercedes-Benz Cars rising in 2020
• MG Motor India partners with MAX Ventilators to increase ventilator production
• Volkswagen says expects to be profitable in 2020 as Q1 earnings drop
• General Motors' strategy shift shows liquidity is king during COVID-19 crisis
Commercial Vehicle
• Kinetic Green launches range of fogging and spraying EVs to fight Covid-19
Aftermarket
• Covid fight: Mavox Helmets introduces face shields
• Goa motorcycle taxis eye home delivery biz
• Russia's Yandex.Taxi targets continued profitability even as rides plummet
• Uber CTO steps down as company reportedly weighs job cuts
• Consortium buys 81% stake in Portugal motorway operator Brisa
Auto Components
• China steel futures trade in narrow range, focus on govt stimulus
Auto Technology
• Car tech to guard against distracted driving
Oil & Lubes
• With rock-bottom prices, will the oil industry recover?
• Shrikant Madhav Vaidya appointed as next Indian Oil chairman
 
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